Low inventories and supply developments are affecting Asian residual fuel oil prices

The difference between high-sulfur residual fuel oil prices in Singapore and crude oil prices in Dubai/Oman has been narrowing since the spring. Low inventories of residual fuel oil in Singapore and lower residual fuel oil production from Russia are likely contributing to the narrowing price spread. Source: Today in Energy – Low inventories and supply developments are affecting Asian residual fuel oil prices

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Source: CTRM Center

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